North of South Capital LLP Takes $948,000 Position in United Microelectronics Corporation $UMC

North of South Capital LLP acquired a new position in shares of United Microelectronics Corporation (NYSE:UMC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,000 shares of the semiconductor company’s stock, valued at approximately $948,000. United Microelectronics accounts for about 0.1% of North of South Capital LLP’s holdings, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in United Microelectronics during the 2nd quarter worth approximately $27,000. Wealth Alliance LLC bought a new stake in shares of United Microelectronics in the second quarter worth $77,000. MGO One Seven LLC bought a new stake in shares of United Microelectronics in the third quarter worth $77,000. Euro Pacific Asset Management LLC acquired a new position in United Microelectronics during the third quarter worth $80,000. Finally, Valeo Financial Advisors LLC bought a new position in United Microelectronics in the second quarter valued at $82,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. Finally, Bank of America lowered United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, United Microelectronics currently has a consensus rating of “Hold”.

United Microelectronics Stock Up 0.9%

Shares of UMC opened at $8.87 on Tuesday. The firm has a 50 day simple moving average of $7.77 and a two-hundred day simple moving average of $7.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.34 and a quick ratio of 1.92. United Microelectronics Corporation has a one year low of $5.61 and a one year high of $9.11. The company has a market cap of $22.27 billion, a P/E ratio of 17.38, a P/E/G ratio of 4.76 and a beta of 1.08.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. United Microelectronics had a return on equity of 11.18% and a net margin of 17.08%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $58.25 billion. During the same quarter last year, the company posted $0.18 EPS. Research analysts forecast that United Microelectronics Corporation will post 0.51 EPS for the current fiscal year.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.